From 10 to 8, and self employed National Insurance will be cut from 8 to 6. It means an additional £450 a year for the average employee, or £350 for someone self employed. When someone self employed. When combined with the autumn reductions, it means 27 million employees will get an average tax cut of £900 a year. Tax cut of £900 a year. Well, other announcements made by the chancellor today are that the non dom tax status will be scrapped with the tax break for wealthy Foreign Residents replaced by what the chancellor called a modern residency system. And rounding out todays announcement , system. And rounding out todays announcement, pubs will also system. And rounding out todays announcement , pubs will also get announcement, pubs will also get announcement, pubs will also get a boost from a freeze on alcohol duty. The child benefit threshold goes up to £60,000, and the £0. 05 cut to fuel duty is locked in for 12 months. Lets take a look at other measures in the budget as well
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